Bitcoin experienced a slight rebound last week after a sharp selloff.

Bitcoin fell below the key $60,000 level on Friday and hit a 20-month low before seeing a tentative rebound. Zaye Capital Markets analyst Naeem Aslam stated in a report that this "fragile" rebound reflects fund inflows into exchange-traded funds after 44 billion dollars flowed out over 13 consecutive days, and major cryptocurrency holders continue to signal long-term accumulation. In addition to recent ETF outflows, last week's significant sell-off in Bitcoin was also due to geopolitical uncertainties and Strategy, a company hoarding Bitcoin, announcing its first sale of the cryptocurrency since 2022. Strategy CEO Michael Saylor hinted on Sunday that the company will purchase new Bitcoin, although no official transactions have been announced yet. Data from the London Stock Exchange Group shows that Bitcoin rose by 1.8% to $62,984 after falling to a low of $59,125 on Friday.